scrypt asic is a fairly tale until proven otherwise, keep buying gpus.
LOL
Topic: Chinese Scrypt-based ASIC mining company (SilverFish) might be vaporware (Read 4153 times)
June 19, 2014, 12:43:49 PM
LOL
January 19, 2014, 01:27:45 PM
scrypt asic is a fairly tale until proven otherwise, keep buying gpus.
January 19, 2014, 12:45:46 PM
Quote
Chinese Scrypt-based ASIC mining company (SilverFish) might be vaporware
Might?!
There is no evidence given at this time to back up the claim of the company. It is all paper right now. With that said, perhaps it will be a real product in that time-frame. The CEO has a track record as he worked on Avalon ASIC.
January 19, 2014, 01:58:29 AM
Quote
Chinese Scrypt-based ASIC mining company (SilverFish) might be vaporware
Might?!
January 19, 2014, 01:23:18 AM
Link: https://sfminer.com/index.php?action=page&uniqueid=about
This product just hit Sina Weibo (though it is not currently trending on Baidu or Weibo). They have announced that their ASIC mining systems for Scrypt will be turned on around June 1, 2014. They estimate that their product is faster than GPU mining in terms of hash / power consumption (~300 kh/s at 5W versus 160W for a Radeon 7850).
They are accepting pre-sales for shares into this company (similar to ASICMiner business model). For 0.5 BTC you can buy 1 share of stock (until January 20th when it goes up to 0.7 BTC).
Very little is known about the company, no owner, there are no personal names or business addresses attached to it. If you create an account and log into the system the share availability fluctuates widely but it is not clear why (went from 690 to 802 in about 10 minutes). Will add more details if I learn anything new.
Until they show a video of the actual chips with screenshots of the hashing results, do your due diligence. Here's an article about similar credibility and claims issues with the Alpha Tech Scrypt ASIC: http://www.ofnumbers.com/2014/01/06/should-you-buy-an-alpha-technology-asic-for-litecoin-mining/
Update: according to a Weibo post the founder of Silverfish is purportedly the same guy who founded China's largest mining pool, F2Pool and another website yibite.com. All of this is located in Beijing. Here is his Weibo profile: http://www.weibo.com/535021235
This product just hit Sina Weibo (though it is not currently trending on Baidu or Weibo). They have announced that their ASIC mining systems for Scrypt will be turned on around June 1, 2014. They estimate that their product is faster than GPU mining in terms of hash / power consumption (~300 kh/s at 5W versus 160W for a Radeon 7850).
They are accepting pre-sales for shares into this company (similar to ASICMiner business model). For 0.5 BTC you can buy 1 share of stock (until January 20th when it goes up to 0.7 BTC).
Very little is known about the company, no owner, there are no personal names or business addresses attached to it. If you create an account and log into the system the share availability fluctuates widely but it is not clear why (went from 690 to 802 in about 10 minutes). Will add more details if I learn anything new.
Until they show a video of the actual chips with screenshots of the hashing results, do your due diligence. Here's an article about similar credibility and claims issues with the Alpha Tech Scrypt ASIC: http://www.ofnumbers.com/2014/01/06/should-you-buy-an-alpha-technology-asic-for-litecoin-mining/
Update: according to a Weibo post the founder of Silverfish is purportedly the same guy who founded China's largest mining pool, F2Pool and another website yibite.com. All of this is located in Beijing. Here is his Weibo profile: http://www.weibo.com/535021235
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